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JM Bullion is out of silver bars
03-25-2021, 07:47 PM
Post: #1
JM Bullion is out of silver bars
looks like the meme stock crowd is trying to buy up all the physical silver

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Those who know, know! Big Grin
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03-25-2021, 07:49 PM
Post: #2
RE: JM Bullion is out of silver bars
[Image: XX32aOX.jpg]
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03-25-2021, 07:59 PM
Post: #3
RE: JM Bullion is out of silver bars
these guys are one of the most reputable physical PM sellers in the US:

Who is the most reputable gold dealer?
The Best Online Gold Dealers for 2021
Best Overall: Money Metals Exchange.
Best Comprehensive Offering: APMEX (American Precious Metals Exchange)
Best Customer Experience: JM Bullion.
Best Low-Price Option: SD Bullion.
Best for Gold Coins: BGASC.
Best Reputation: Golden Eagle Coins.

https://www.investopedia.com/best-online...rs-5095874
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04-07-2021, 03:22 AM
Post: #4
RE: JM Bullion is out of silver bars
I prefer coins that were minted in high numbers. They're just so much harder to counterfeit. Also easier to use as currency, and have more aesthetic appeal.

Been watching a lot of videos on the precious metals market lately. From what I've learned:

Real demand for silver is way up. The exchange traded paper market (slv and sivr) now has more buys than bars in the vaults. They have a bunch options at different prices, but to turn those options into bars, they need cooperation from the silver mines. The silver mines, like other businesses prioritize big customers over small customers, so if you're the little guy and you try to order bars, you've got to wait for JP Morgan Chase to get all of theirs before you can get one.

Meanwhile the big banks are playing games to manipulate the price so that they can buy low. That's why if you go to a local coin shop, you pay spot for your precious metals, but the premium fee you pay above melt value is super high historically.
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04-07-2021, 03:31 AM
Post: #5
RE: JM Bullion is out of silver bars
(04-07-2021 03:22 AM)ringworm Wrote:  I prefer coins that were minted in high numbers. They're just so much harder to counterfeit. Also easier to use as currency, and have more aesthetic appeal.

Been watching a lot of videos on the precious metals market lately. From what I've learned:

Real demand for silver is way up. The exchange traded paper market (slv and sivr) now has more buys than bars in the vaults. They have a bunch options at different prices, but to turn those options into bars, they need cooperation from the silver mines. The silver mines, like other businesses prioritize big customers over small customers, so if you're the little guy and you try to order bars, you've got to wait for JP Morgan Chase to get all of theirs before you can get one.

Meanwhile the big banks are playing games to manipulate the price so that they can buy low. That's why if you go to a local coin shop, you pay spot for your precious metals, but the premium fee you pay above melt value is super high historically.

yeah it's the same old story. they are using all kinds of shenanigans to hold the price of PMs down.
gold and silver should be at historical highs, instead they choose to push Bitcoin.
Bitcoin users will probably be eventually holding the bag.

the money printing is insane, and traditional stores of wealth like gold and silver should be UP UP UP

Those who know, know! Big Grin
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04-07-2021, 03:41 AM
Post: #6
RE: JM Bullion is out of silver bars
(04-07-2021 03:31 AM)EVILYOSHIDA Wrote:  
(04-07-2021 03:22 AM)ringworm Wrote:  I prefer coins that were minted in high numbers. They're just so much harder to counterfeit. Also easier to use as currency, and have more aesthetic appeal.

Been watching a lot of videos on the precious metals market lately. From what I've learned:

Real demand for silver is way up. The exchange traded paper market (slv and sivr) now has more buys than bars in the vaults. They have a bunch options at different prices, but to turn those options into bars, they need cooperation from the silver mines. The silver mines, like other businesses prioritize big customers over small customers, so if you're the little guy and you try to order bars, you've got to wait for JP Morgan Chase to get all of theirs before you can get one.

Meanwhile the big banks are playing games to manipulate the price so that they can buy low. That's why if you go to a local coin shop, you pay spot for your precious metals, but the premium fee you pay above melt value is super high historically.

yeah it's the same old story. they are using all kinds of shenanigans to hold the price of PMs down.
gold and silver should be at historical highs, instead they choose to push Bitcoin.
Bitcoin users will probably be eventually holding the bag.

the money printing is insane, and traditional stores of wealth like gold and silver should be UP UP UP

That appears to be the plan. The big boys keep the price down while they fill their own vaults, then when they're done buying, let it run wild. Meanwhile, the hedge funds that had shorted GameStop were already into the paper market, so they told the reporters they hand feed that Reddit was going to do a short squeeze on Silver next.
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04-07-2021, 07:22 AM
Post: #7
RE: JM Bullion is out of silver bars
(04-07-2021 03:41 AM)ringworm Wrote:  
(04-07-2021 03:31 AM)EVILYOSHIDA Wrote:  
(04-07-2021 03:22 AM)ringworm Wrote:  I prefer coins that were minted in high numbers. They're just so much harder to counterfeit. Also easier to use as currency, and have more aesthetic appeal.

Been watching a lot of videos on the precious metals market lately. From what I've learned:

Real demand for silver is way up. The exchange traded paper market (slv and sivr) now has more buys than bars in the vaults. They have a bunch options at different prices, but to turn those options into bars, they need cooperation from the silver mines. The silver mines, like other businesses prioritize big customers over small customers, so if you're the little guy and you try to order bars, you've got to wait for JP Morgan Chase to get all of theirs before you can get one.

Meanwhile the big banks are playing games to manipulate the price so that they can buy low. That's why if you go to a local coin shop, you pay spot for your precious metals, but the premium fee you pay above melt value is super high historically.

yeah it's the same old story. they are using all kinds of shenanigans to hold the price of PMs down.
gold and silver should be at historical highs, instead they choose to push Bitcoin.
Bitcoin users will probably be eventually holding the bag.

the money printing is insane, and traditional stores of wealth like gold and silver should be UP UP UP

That appears to be the plan. The big boys keep the price down while they fill their own vaults, then when they're done buying, let it run wild. Meanwhile, the hedge funds that had shorted GameStop were already into the paper market, so they told the reporters they hand feed that Reddit was going to do a short squeeze on Silver next.

yeah it's pretty obvious WSB has been subverted at this point.
prob started off as some organic thing, but they can coopt things pretty easily on the net these days

Those who know, know! Big Grin
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04-07-2021, 11:41 AM
Post: #8
RE: JM Bullion is out of silver bars
(04-07-2021 03:31 AM)EVILYOSHIDA Wrote:  
(04-07-2021 03:22 AM)ringworm Wrote:  I prefer coins that were minted in high numbers. They're just so much harder to counterfeit. Also easier to use as currency, and have more aesthetic appeal.

Been watching a lot of videos on the precious metals market lately. From what I've learned:

Real demand for silver is way up. The exchange traded paper market (slv and sivr) now has more buys than bars in the vaults. They have a bunch options at different prices, but to turn those options into bars, they need cooperation from the silver mines. The silver mines, like other businesses prioritize big customers over small customers, so if you're the little guy and you try to order bars, you've got to wait for JP Morgan Chase to get all of theirs before you can get one.

Meanwhile the big banks are playing games to manipulate the price so that they can buy low. That's why if you go to a local coin shop, you pay spot for your precious metals, but the premium fee you pay above melt value is super high historically.

yeah it's the same old story. they are using all kinds of shenanigans to hold the price of PMs down.
gold and silver should be at historical highs, instead they choose to push Bitcoin.
Bitcoin users will probably be eventually holding the bag.

the money printing is insane, and traditional stores of wealth like gold and silver should be UP UP UP

that's exactly what's happening. We're experiencing historic rates of dollar printing yet the money isn't being spent in the economy, crypto is soaking up all of the inflation.

“There are three classes of people: those who see. Those who see when they are shown. Those who do not see.”
― Leonardo da Vinci
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04-07-2021, 11:43 AM
Post: #9
RE: JM Bullion is out of silver bars
(04-07-2021 11:41 AM)jho Wrote:  
(04-07-2021 03:31 AM)EVILYOSHIDA Wrote:  
(04-07-2021 03:22 AM)ringworm Wrote:  I prefer coins that were minted in high numbers. They're just so much harder to counterfeit. Also easier to use as currency, and have more aesthetic appeal.

Been watching a lot of videos on the precious metals market lately. From what I've learned:

Real demand for silver is way up. The exchange traded paper market (slv and sivr) now has more buys than bars in the vaults. They have a bunch options at different prices, but to turn those options into bars, they need cooperation from the silver mines. The silver mines, like other businesses prioritize big customers over small customers, so if you're the little guy and you try to order bars, you've got to wait for JP Morgan Chase to get all of theirs before you can get one.

Meanwhile the big banks are playing games to manipulate the price so that they can buy low. That's why if you go to a local coin shop, you pay spot for your precious metals, but the premium fee you pay above melt value is super high historically.

yeah it's the same old story. they are using all kinds of shenanigans to hold the price of PMs down.
gold and silver should be at historical highs, instead they choose to push Bitcoin.
Bitcoin users will probably be eventually holding the bag.

the money printing is insane, and traditional stores of wealth like gold and silver should be UP UP UP

that's exactly what's happening. We're experience historic rates of dollar printing yet the money isn't being spent in the economy, crypto is soaking up all of the inflation.

yep.. crypto and chosen stocks that are tradeable and promoted by the media and robinhood

they don't teach you that in econ class.. that they can soak up excess inflation with 401Ks, stock promotion, long term capital gains holding incentives

also student loans

it truly is alchemy

but we are now at the end of the road with this ponzi scheme.

Those who know, know! Big Grin
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04-07-2021, 11:48 AM
Post: #10
RE: JM Bullion is out of silver bars
(04-07-2021 11:43 AM)EVILYOSHIDA Wrote:  yep.. crypto and chosen stocks that are tradeable and promoted by the media and robinhood

they don't teach you that in econ class.. that they can soak up excess inflation with 401Ks, stock promotion, long term capital gains holding incentives

also student loans

it truly is alchemy

but we are now at the end of the road with this ponzi scheme.

What do you think is gonna happen to BTC and the alt-coins when the Fed introduces their digital dollar?

“There are three classes of people: those who see. Those who see when they are shown. Those who do not see.”
― Leonardo da Vinci
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04-07-2021, 11:50 AM
Post: #11
RE: JM Bullion is out of silver bars
(04-07-2021 11:48 AM)jho Wrote:  
(04-07-2021 11:43 AM)EVILYOSHIDA Wrote:  yep.. crypto and chosen stocks that are tradeable and promoted by the media and robinhood

they don't teach you that in econ class.. that they can soak up excess inflation with 401Ks, stock promotion, long term capital gains holding incentives

also student loans

it truly is alchemy

but we are now at the end of the road with this ponzi scheme.

What do you think is gonna happen to BTC and the alt-coins when the Fed introduces their digital dollar?

i think BTC and ETH will reach some stable non-exciting value and trade within a band.

BTC and ETH may be the gold and silver of the real CRYPTO that no one knows about yet.

There is some potential with ripple, but too much is in the air.

I think BTC and ETH will always have some value, but due to its NEGATIVE eco impact it won't be adopted by the great reset people.. too much energy needed to verify the hashes and solve the algos.

Those who know, know! Big Grin
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04-07-2021, 12:23 PM
Post: #12
RE: JM Bullion is out of silver bars
(04-07-2021 11:50 AM)EVILYOSHIDA Wrote:  
(04-07-2021 11:48 AM)jho Wrote:  
(04-07-2021 11:43 AM)EVILYOSHIDA Wrote:  yep.. crypto and chosen stocks that are tradeable and promoted by the media and robinhood

they don't teach you that in econ class.. that they can soak up excess inflation with 401Ks, stock promotion, long term capital gains holding incentives

also student loans

it truly is alchemy

but we are now at the end of the road with this ponzi scheme.

What do you think is gonna happen to BTC and the alt-coins when the Fed introduces their digital dollar?

i think BTC and ETH will reach some stable non-exciting value and trade within a band.

BTC and ETH may be the gold and silver of the real CRYPTO that no one knows about yet.

There is some potential with ripple, but too much is in the air.

I think BTC and ETH will always have some value, but due to its NEGATIVE eco impact it won't be adopted by the great reset people.. too much energy needed to verify the hashes and solve the algos.

The great reset people want something with no intrinsic value at all to be used as currency. Like science fiction where people work for generic "credits" that are named "credits". Crypto and metals are popular with the public because people understand that some bureaucrat can't simply wake up one day and double the amount in circulation.

The more idiotic the monetary policy, the less people trust it in the long term.
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04-08-2021, 01:32 AM
Post: #13
RE: JM Bullion is out of silver bars
(04-07-2021 12:23 PM)ringworm Wrote:  
(04-07-2021 11:50 AM)EVILYOSHIDA Wrote:  
(04-07-2021 11:48 AM)jho Wrote:  
(04-07-2021 11:43 AM)EVILYOSHIDA Wrote:  yep.. crypto and chosen stocks that are tradeable and promoted by the media and robinhood

they don't teach you that in econ class.. that they can soak up excess inflation with 401Ks, stock promotion, long term capital gains holding incentives

also student loans

it truly is alchemy

but we are now at the end of the road with this ponzi scheme.

What do you think is gonna happen to BTC and the alt-coins when the Fed introduces their digital dollar?

i think BTC and ETH will reach some stable non-exciting value and trade within a band.

BTC and ETH may be the gold and silver of the real CRYPTO that no one knows about yet.

There is some potential with ripple, but too much is in the air.

I think BTC and ETH will always have some value, but due to its NEGATIVE eco impact it won't be adopted by the great reset people.. too much energy needed to verify the hashes and solve the algos.

The great reset people want something with no intrinsic value at all to be used as currency. Like science fiction where people work for generic "credits" that are named "credits". Crypto and metals are popular with the public because people understand that some bureaucrat can't simply wake up one day and double the amount in circulation.

The more idiotic the monetary policy, the less people trust it in the long term.

i agree, however the ramification of crypto is more severe if it gets adopted

it's the digital ledger and it will follow every movement, ensure every last cent is tax compliant and paid for

Those who know, know! Big Grin
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04-09-2021, 01:26 AM
Post: #14
RE: JM Bullion is out of silver bars
(04-08-2021 01:32 AM)EVILYOSHIDA Wrote:  
(04-07-2021 12:23 PM)ringworm Wrote:  
(04-07-2021 11:50 AM)EVILYOSHIDA Wrote:  
(04-07-2021 11:48 AM)jho Wrote:  
(04-07-2021 11:43 AM)EVILYOSHIDA Wrote:  yep.. crypto and chosen stocks that are tradeable and promoted by the media and robinhood

they don't teach you that in econ class.. that they can soak up excess inflation with 401Ks, stock promotion, long term capital gains holding incentives

also student loans

it truly is alchemy

but we are now at the end of the road with this ponzi scheme.

What do you think is gonna happen to BTC and the alt-coins when the Fed introduces their digital dollar?

i think BTC and ETH will reach some stable non-exciting value and trade within a band.

BTC and ETH may be the gold and silver of the real CRYPTO that no one knows about yet.

There is some potential with ripple, but too much is in the air.

I think BTC and ETH will always have some value, but due to its NEGATIVE eco impact it won't be adopted by the great reset people.. too much energy needed to verify the hashes and solve the algos.

The great reset people want something with no intrinsic value at all to be used as currency. Like science fiction where people work for generic "credits" that are named "credits". Crypto and metals are popular with the public because people understand that some bureaucrat can't simply wake up one day and double the amount in circulation.

The more idiotic the monetary policy, the less people trust it in the long term.

i agree, however the ramification of crypto is more severe if it gets adopted

it's the digital ledger and it will follow every movement, ensure every last cent is tax compliant and paid for


Yeah, and most people aren't even trading full bitcoins anymore. The price is so high that they're traded as fractional bitcoins. Trading fractions of things that nobody walks away with is a valid form of currency. In some Pacific islands, people used megaliths as money. The giant stones stayed where they were, and everyone knew what family owned each stone.

The gold and silver depositories mostly work the same way. One country owns a bar with a specific serial number, another country owns a different bar. In the case of the exchange traded funds, you've got the same thing, but you might only own 1/1000th of the bar. With the depositories however, nobody trusts that they really own the metals unless:
1. There's accounting auditing, and occasional photos/video of the inside of the vault.
and
2. When someone who owns a lot of bars wants to take possession of their bars, they actually get delivery on them.

Right now the integrity of some major exchange traded funds is looking questionable. Based on further research, I've moved into the exchange traded metals managed by Sprott.

Holding physical metals is still the best protection against systemic monetary problems.

And it always annoys me when people who find a coin hoard decide to go public, and end up having to give almost half of it to the government in taxes. The people who found the Saddle Ridge hoard in California had over a thousand coins worth about ten million total due to numismatic value, condition, gold content, etc.

They paid like 4.7 million in taxes. They should have sold off the least valuable coins one at a time to fund their lifestyle, had children, and passed the remaining coins down through the generations.
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04-09-2021, 01:35 AM
Post: #15
RE: JM Bullion is out of silver bars
(04-09-2021 01:26 AM)ringworm Wrote:  
(04-08-2021 01:32 AM)EVILYOSHIDA Wrote:  
(04-07-2021 12:23 PM)ringworm Wrote:  
(04-07-2021 11:50 AM)EVILYOSHIDA Wrote:  
(04-07-2021 11:48 AM)jho Wrote:  What do you think is gonna happen to BTC and the alt-coins when the Fed introduces their digital dollar?

i think BTC and ETH will reach some stable non-exciting value and trade within a band.

BTC and ETH may be the gold and silver of the real CRYPTO that no one knows about yet.

There is some potential with ripple, but too much is in the air.

I think BTC and ETH will always have some value, but due to its NEGATIVE eco impact it won't be adopted by the great reset people.. too much energy needed to verify the hashes and solve the algos.

The great reset people want something with no intrinsic value at all to be used as currency. Like science fiction where people work for generic "credits" that are named "credits". Crypto and metals are popular with the public because people understand that some bureaucrat can't simply wake up one day and double the amount in circulation.

The more idiotic the monetary policy, the less people trust it in the long term.

i agree, however the ramification of crypto is more severe if it gets adopted

it's the digital ledger and it will follow every movement, ensure every last cent is tax compliant and paid for


Yeah, and most people aren't even trading full bitcoins anymore. The price is so high that they're traded as fractional bitcoins. Trading fractions of things that nobody walks away with is a valid form of currency. In some Pacific islands, people used megaliths as money. The giant stones stayed where they were, and everyone knew what family owned each stone.

The gold and silver depositories mostly work the same way. One country owns a bar with a specific serial number, another country owns a different bar. In the case of the exchange traded funds, you've got the same thing, but you might only own 1/1000th of the bar. With the depositories however, nobody trusts that they really own the metals unless:
1. There's accounting auditing, and occasional photos/video of the inside of the vault.
and
2. When someone who owns a lot of bars wants to take possession of their bars, they actually get delivery on them.

Right now the integrity of some major exchange traded funds is looking questionable. Based on further research, I've moved into the exchange traded metals managed by Sprott.

Holding physical metals is still the best protection against systemic monetary problems.

And it always annoys me when people who find a coin hoard decide to go public, and end up having to give almost half of it to the government in taxes. The people who found the Saddle Ridge hoard in California had over a thousand coins worth about ten million total due to numismatic value, condition, gold content, etc.

They paid like 4.7 million in taxes. They should have sold off the least valuable coins one at a time to fund their lifestyle, had children, and passed the remaining coins down through the generations.

interesting post

if the great reset people have their way. money will be less important going forward
everyone will be able to afford a similar lifestyle for the most part.
even now even the most ghetto people have iphones, the same phone that luxury peeps have.

Also I think living off grid or away from scrutiny will be hard because Donald Trump basically passed some law that mandated 5G be installed in all rural areas.

Those who know, know! Big Grin
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